Legal & General America, effective December 3, 2018, will be moving commissions paid via paper check to monthly payments only. Standard (three times each month) and bi-weekly checks will no longer be offered as payment options. There is an option to be paid by Electronic Funds Transfer, which allows more flexibility and makes getting paid easier and faster!
We offer four choices for commission payments:
- Daily EFT
- Weekly EFT
- Monthly EFT
- Monthly Paper Check
EFT payments provide advantages for agencies and brokers:
- Quick and easy signup.
- Everyone gets paid faster. Commission can be conveniently deposited into your account on a daily basis.
- Agencies save time and money by not having to sort and mail paper checks to brokers.
- "Go Green" - It's an opportunity to be more environmentally friendly.
- The BK-12 form has been revised to reflect these options and can be used to make any changes on how you receive your commission payments.
